Evan "Talks 2 Much" Mononoke

alright we're back boys

SOLANA EPOCH ROLLING OVER IN 2H DEVS PREPARE FOR BATTLE

this is literally the only bull case you need how are you guys this bad at bullposting holy shit man

crash course: what happens to your SOL when you stake it? it depends a validator participates in the network in proportion to the stake they have (from you delegating to them) they make money in 3 ways: - issuance/inflation (new tokens printed) - MEV (people give jito tips to the validator to include certain txns) - priority fees (people send SOL to the validator to prioritize their txns) here's where it gets interesting the validators have the option to take a cut/commission from these rewards before they pass it back to you in the screenshot, you can see that coinbase takes 8% commission on the inflation rewards from the staker they also take 8% of the MEV rewards (note that currently validators keep 50% of the priority fees and 50% of the fees are burned — but this is going to change soon) (they might also have offchain deals to make use of this stake that the staker doesn't benefit from) so depending on who you stake with, you get a higher/lower return Helius validator does not take a cut of your issuance or MEV rewards, so you maximize your native returns on your SOL — we will also start sharing priority fee rewards once a certain SIMD goes live stake on the network also gives you bandwidth to send transactions this is important for devs so that they can land transactions successfully — since Helius is a developer company, we utilize this stake to help devs on Solana land txns so the chain actually works you might be wondering, why would people stake with something like Coinbase if it just gives you a lower return? the answer is generally vendor lock-in or regulatory arbitrage for example, if you're a fund and you use coinbase custody — they are now forcing you to stake with their validator only there are other very egregious examples of stuff like this that I won't mention here, but they're quite unhealthy for the network and I'm too swamped to fight them (for now) a super nice solana native alternative is to just setup a squads multisig and stake via the multisig — you can see this below where holding hSOL gives you 10.28% APY for your fund/company treasury (you can also stake via a hardware-secured wallet of course) what is hSOL? it's a liquid staking token (LSTs) for the Helius validator when you stake your SOL, it gets locked for the duration of the epoch (epochs last up to ~2 days), so in the worst case you might wait up to 2 days to withdraw your money if you withdraw at the beginning of the epoch — but best case is that the epoch ends in 2 minutes and you get it asap obviously you also can't do anything with your staked SOL if it's locked to get around this, there are LSTs like hSOL that behind the scenes stake with a certain validator while giving you a liquid token to represent your stake this is cool because you can easily swap in/out to stake/unstake and you can also use the token in defi like kamino it also accrues mev rewards automatically if you don't have an LST, you'll have to go to jito(.)network(.)/harvest and connect your staking account to claim your MEV rewards the delegated stake system works kind of like a representative democracy, where you vote with your stake to a validator you trust to represent you (i.e., what happens if there's a hard fork? does this validator do shady things? do they help improve the solana ecosystem?) the helius validator's main interest is to maximize acceleration of the Solana ecosystem (our business is entirely on Solana, as is my hair) while maximizing value for our stakers — this is all I've done for the past 3-4 years and there will be no stopping lmk if any questions

a small tip to other ecosystems who may be going through a downturn: when solana was deemed dead, we weren't blaming things on marketing or some other cringe shit we were shipping code, reply-guying noobs, and having fun